We have been investigating the Google/Apple interlocking directorates issue for some time and commend them for recognizing that sharing directors raises competitive issues, as Google and Apple increasingly compete with each other. We will continue to investigate remaining interlocking directorates between the companies.

Reuters reports that Schmidt's resignation would usually close an FTC investigation of interlocking boards. However, former Genentech CEO Arthur Levinson is on the boards of Apple and Google.